GEE Group Q4 revenue $41.5M (+34% YoY); Adj. EBITDA $3.6M; All PPP loans forgiven

GEE Group Inc.

2022-Q1 EPS reported $0.14 revenue$42,847,000

Q4 revenue $41.5M, up 34% YoY; gross margin 36.7% vs 34.0% a year ago.
Q4 GAAP net income $3.0M vs net loss $(12.6)M; includes $1.2M debt extinguishment gain.
Q4 adjusted EBITDA $3.6M (8.7% of revenue), up 112% YoY from $1.7M.
FY2021 revenue $148.9M (+15% YoY); adjusted EBITDA $12.3M (+100% YoY).
PPP loans totaling $19.9M principal plus interest fully forgiven; pro-forma balance sheet has zero debt.

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